SCLCSS

1. Objective:

• The SCLCSS aims to provide financial assistance to small and medium-sized enterprises (SMEs) in the textile sector for technology upgradation.
• It helps SMEs adopt modern technology and machinery to improve productivity, quality, and competitiveness.

2. Eligibility:

• Eligible Entities:
  • Small and medium-sized textile units (including weaving, processing, and garment manufacturing).
  • Units in the jute sector are also eligible.
• Eligible Activities:
  • Upgradation of machinery and technology in the textile sector.
  • Installation of new machinery to replace outdated equipment.

3. Subsidy Details:

• Subsidy Amount:
  • A 15% capital subsidy is provided on the eligible machinery cost, subject to a maximum limit of INR 1 Crore per unit.
• Eligible Machinery:
  • Only machinery listed under the Revised List of Machinery (RLM) is eligible for subsidy.
  • The machinery should be new and not second-hand.

4. Funding:

• The subsidy is credit-linked, meaning it is provided through loans from approved banks and financial institutions.
• The loan amount covers the cost of machinery, and the subsidy is adjusted against the loan.